ESOP · DOL Form 5500 · 2022

Spring Bancorp, Inc. ESOP

Data updated 2026-08-25

$2M
Total assets Small plan by assets
318
Participants Below avg headcount
33rd
Percentile by assets National rank
$6,182
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Bank of Springfield Employee Stock Ownership Plan · Sponsored by Spring Bancorp, Inc. · Illinois · Finance & Insurance

$2M in assets, 318 participants

Spring Bancorp, Inc.'s Bank of Springfield Employee Stock Ownership Plan reported $2M in total assets and 318 participants in its 2022 DOL Form 5500 filing, ranking in the 33rd percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #2,099 in Finance & Insurance (9,261 peers)

Coverage in Illinois

Bank of Springfield Employee Stock Ownership Plan covers 318 participants in Illinois, about 41% of the average Illinois filer (state average ~779 per filing). Assets: $2M.

#2,099
in Finance & Insurance (9,261 peers)
+156.2%
assets growth YoY

Bank of Springfield Employee Stock Ownership Plan among the smaller filed plans by assets

Bank of Springfield Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$1,965,875 33rd percentile higher than 33% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Bank of Springfield Employee Stock Ownership Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Bank of Springfield Employee Stock Ownership Plan sits mid-pack in the medium band (318 participants).

Form 5500 schedule snapshot

Filing strip 371224470 · Spring Bancorp, Inc. PY 2022 · ESOP

Bank of Springfield Employee Stock Ownership Plan · $2M · 318 · 33rd

  • SCH $2M
  • SCH 318
  • SCH 33rd
  • SCH ESOP
  • SCH near Duda/Paine Employee Stock Ownership Plan
  • SCH ind #2099

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with What is an ESOP? → · Plans in Illinois →

Bank of Springfield Employee Stock Ownership Plan in the asset neighbourhood

Bank of Springfield Employee Stock Ownership PlanBank of Springfield Employee…$2MDuda/Paine Employee Stock Ownership PlanDuda/Paine Employee Stock Ow…$2MBirns and Sawyer, Inc. Employee Stock Ownership PlanBirns and Sawyer, Inc. Emplo…$2MFogle Pump & Supply, Inc. Employee Stock Ownership PlanFogle Pump & Supply, Inc. Em…$2MHawkins, Inc. Employee Stock Ownership Plan for Certain Collectively Bargained EmployeesHawkins, Inc. Employee Stock…$2M
End-of-year total assets ($M) among Bank of Springfield Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Illinois filing particulars

Total Assets (Beginning of Year)$767K
Net Assets (End of Year)$2M
Net Income$1M
Employer EIN371224470
Plan Effective Date2021-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Spring Bancorp, Inc.)

Sponsor-wide plan assets over time

All Spring Bancorp, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$4M 115.27528454250651% vs 2022
2024 filing year
$1M$2M$3M$4M$5M 202220232024 $1.97M $4.23M ▲ +114.7%
Year Plans Participants Total Assets
2022 1 318 $2M
2023 1 319 $3M
2024 1 367 $4M

Nearby ESOP Plans in Illinois

Peer ESOP plans, same state, same plan type, ranked by total assets.

Bank of Springfield Employee Stock Ownership Plan vs. nearby ESOP plans in Illinois, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -101234 Total assets ($B) Participants Bank of Springfield Employee Stock Ownership Plan, Total assets ($B): 0.001965875 · Participants: 318Bank of Springfield Employee Stock Ownership PlanAmsted Industries Incorporated Employees' Stock Ownership Plan, Total assets ($B): 3.751765578 · Participants: 4361Amsted Industries Incorporated Employees' Stock Ownership PlanOri 401(k) Savings and Profit Sharing Plan, Total assets ($B): 1.70457972 · Participants: 10023Ori 401(k) Savings and Profit Sharing PlanKehe Distributors, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.163229548 · Participants: 3905Kehe Distributors, Inc. Employee Stock Ownership PlanScot Forge Company Employee Stock Ownership Plan, Total assets ($B): 0.970067277 · Participants: 495Scot Forge Company Employee Stock Ownership PlanRli Corp. Employee Stock Ownership Plan, Total assets ($B): 0.341695997 · Participants: 826Rli Corp. Employee Stock Ownership Plan
Bank of Springfield Employee Stock Ownership Plan vs. nearby ESOP plans in Illinois, assets vs. participants
Compare Bank of Springfield Employee Stock Ownership Plan side-by-side with 3 peers →

Bank of Springfield Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Illinois, the nearest ESOP by assets is Duda/Paine Employee Stock Ownership Plan in NC ($2M); by covered participants it is Sletten, Inc. Employee Stock Ownership Plan in MT (318 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (318 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Bank of Springfield Employee Stock Ownership Plan assets move in 2022? ▼
Bank of Springfield Employee Stock Ownership Plan surged - up 156.2% during 2022, from $767K to $2M. Reported net income was $1M.
How have Spring Bancorp, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Spring Bancorp, Inc.'s sponsor-wide assets grew 115.3%, from $2M to $4M.
Which ESOP plans are similar in size to Bank of Springfield Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Duda/Paine Employee Stock Ownership Plan in NC ($2M, 54 participants).
Which ESOP plans cover a similar participant headcount to Bank of Springfield Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Sletten, Inc. Employee Stock Ownership Plan in MT (318 participants, $65M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 371224470.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.